Can I retire at age 59 with 426,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$35,179$34,865$34,560$34,261$33,970$33,756
2 years$17,415$17,091$16,777$16,472$16,176$15,960
3 years$11,495$11,169$10,856$10,554$10,263$10,052
4 years$8,535$8,210$7,900$7,603$7,320$7,115
5 years$6,760$6,437$6,131$5,840$5,564$5,367
6 years$5,577$5,256$4,955$4,670$4,403$4,212
7 years$4,732$4,414$4,117$3,840$3,581$3,398
8 years$4,099$3,784$3,492$3,221$2,970$2,795
9 years$3,606$3,295$3,007$2,744$2,502$2,333
10 years$3,213$2,904$2,622$2,365$2,131$1,971
11 years$2,891$2,585$2,308$2,058$1,833$1,679
12 years$2,623$2,320$2,049$1,805$1,589$1,442
13 years$2,396$2,097$1,830$1,594$1,385$1,245
14 years$2,202$1,906$1,645$1,415$1,214$1,081
15 years$2,034$1,741$1,485$1,262$1,069$943
16 years$1,887$1,598$1,346$1,130$945$825
17 years$1,758$1,471$1,225$1,015$838$724
18 years$1,643$1,360$1,118$915$745$637
19 years$1,540$1,260$1,024$827$664$562
20 years$1,448$1,171$939$749$593$496
21 years$1,364$1,091$864$679$531$439
22 years$1,289$1,018$796$618$476$390
23 years$1,220$952$735$563$427$346
24 years$1,156$892$680$513$384$307
25 years$1,098$837$630$469$345$273
26 years$1,045$787$584$429$311$243
27 years$995$740$542$392$281$217
28 years$949$698$504$359$253$193
29 years$907$658$469$330$229$173
30 years$867$622$437$302$207$154
31 years$830$588$408$278$187$138
32 years$795$556$380$255$169$123
33 years$763$527$355$235$153$110
34 years$732$499$332$216$138$98
35 years$704$473$310$199$125$88
36 years$677$449$290$183$114$79
37 years$651$427$272$169$103$70
38 years$627$406$254$156$93$63
39 years$604$386$238$143$85$56
40 years$582$367$223$132$77$51
41 years$562$349$209$122$70$45
42 years$542$333$196$113$63$41
43 years$524$317$184$104$57$36
44 years$506$302$173$96$52$33
45 years$489$288$162$89$47$29
46 years$473$275$153$82$43$26
47 years$458$262$143$76$39$23
48 years$443$250$135$70$35$21
49 years$429$239$127$65$32$19
50 years$416$228$119$60$29$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $426,000, adding $6,940 every year, while hoping to spend $27,143 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/24/19 Blend
58$426,000$426,000$426,000$426,000
59$476,611$454,033$447,430$500,999
60$496,345$447,400$433,539$511,746
61$517,182$439,533$418,272$519,926
62$539,207$430,342$401,557$528,236
63$562,510$419,733$383,313$536,694
64$587,192$407,606$363,459$545,322
65$613,361$393,854$341,911$554,145
66$641,137$378,366$318,578$563,192
67$670,651$361,024$293,368$572,498
68$702,045$341,701$266,184$582,101
69$735,475$320,266$236,922$592,046
70$771,112$296,578$205,478$602,385
71$809,144$270,489$171,740$613,176
72$849,775$241,841$135,592$624,485
73$893,231$210,471$96,913$636,389
74$939,758$176,201$55,577$648,974
75$989,627$138,848$11,452$662,336
76$1,043,133$98,216$0$676,587
77$1,100,603$54,099$0$699,076
78$1,162,393$6,278$0$725,665
79$1,228,896$0$0$754,218
80$1,300,543$0$0$796,954
81$1,377,806$0$0$844,857
82$1,461,205$0$0$896,594
83$1,551,311$0$0$952,524
84$1,648,751$0$0$1,013,040
85$1,754,215$0$0$1,078,574
86$1,868,461$0$0$1,149,602
87$1,992,322$0$0$1,226,646
88$2,126,716$0$0$1,310,283
89$2,272,650$0$0$1,401,143
90$2,431,233$0$0$1,499,924
91$2,603,684$0$0$1,607,390
92$2,791,347$0$0$1,724,384
93$2,995,697$0$0$1,851,831
94$3,218,359$0$0$1,990,753
95$3,461,121$0$0$2,142,270
96$3,725,951$0$0$2,307,619
97$4,015,015$0$0$2,488,159
98$4,330,698$0$0$2,685,386
99$4,675,625$0$0$2,900,949
100$5,052,685$0$0$3,136,662